Not sure how you did your maths, but the average FPS gains I see online for RTX2080Ti vs RX5700 XT are 35%, so the new card would only need to be 203% (1.35 * 1.5 = 2.03) the speed of the 5700XT to be 50% faster than the RTX2080 Ti, IE it would only need to be 100% faster than a 5700XT rather than 300% faster.
(200% the speed of = 100% faster, 300% the speed of = 200% faster, possibly a language barrier thing?)
So if they were able to double the CUs, bump the clock speed and IPC to alleviate the efficiency losses, 50% faster than an RTX2080Ti would be fairly trivial to achieve. *IF* they can double the CUs from 40.
But yep, NVidia could probably go further still, but it's more likely to be in the region of 15-20% faster than AMD's flagship rather than the gap we've seen previously.